Question No: 1 – Please choose one
When the amount of government spending exceeds the amount of revenues, the result is called:
►
Trade deficit
►
Budget deficit
►
Balance of payment
►
Opportunity cost
Question No: 2 – Please choose one
What characteristic motivate a person to start his own business?
►
Earning large incomes
►
Being his own boss
►
Challenge
►
All of the given options
Question No: 3 – Please choose one
Firms can ensure responsibility to customers by:
►
Safe manufacturing techniques
►
Proper disposal of waste
►
Seeking feedback about product
►
Full financial disclosure
Question No: 4 – Please choose one
The position of “chief financial officer” is considered to be a:
►
Supervisory position
►
Top management position
►
First-line management position
►
Bottom-line position
Question No: 5 – Please choose one
The reinforcement theory that motivates employees by encouraging them to behave in a manner that avoids unfavorable consequences is __________ reinforcement.
►
Positive
►
Neutral
►
Equity
►
Negative
Question No: 6 – Please choose one
A Rolex watch and Mercedes car are considered:
►
Convenience products
►
Shopping goods
►
Specialty products
►
Industrial products
Question No: 7 – Please choose one
One way to accelerate the distribution process is to make sure that it is integrated with _______ process.
►
Marketing
►
Financing
►
Advertising
►
Production
Question No: 8 – Please choose one
Even a company’s product is properly produced, priced and distributed, it still needs to be:
►
Manufactured
►
Graded
►
Promoted
►
Market tested
Question No: 9 – Please choose one
_____________ is a management approach for an organization, centered on quality, based on the participation of all its members and aiming at long-term success through customer satisfaction and benefits to all members of the organization and to society.
►
Total quality management
►
Personnel management
►
Strategic planning
Question No: 10 – Please choose one
Information-systems applications, based on telecommunication technologies, that use networks of appliances or devices to communicate information by electronic means are:
►
Electronic information technologies
►
Management information systems
►
Information management
►
Transaction processing systems
Question No: 11 – Please choose one
Effective marketing are intended to affect the firm’s:
►
Financial leverage
►
Social responsibility
►
Strategic plan
►
Cash inflows
Question No: 12 – Please choose one
Arrangement whereby selected professional providers offer services at reduced rates and permit thorough review of their service recommendations is:
►
Health maintenance organization
►
Preferred provider organization
►
Point-of-service
►
Health Insurance
Question No: 13 – Please choose one
Process of conserving the firm’s earning power and assets by reducing the threat of losses due to uncontrollable events is:
►
Risk Avoidance
►
Risk Management
►
Risk Control
►
Risk Transfer
Question No: 14 – Please choose one
__________ requires that expenses incurred in producing revenues be deducted from the revenue they generated during the same accounting period in order to accurately present the profitability of a Business.
►
Revenue Recognition
►
Full Disclosure
►
Matching principle
►
Solvency Ratios
Question No: 15 – Please choose one
According to ___________ principle, organizations should be able to retain or dismiss employees at their discretion.
►
Employment-at-Will
►
Hostile work environment
►
Workforce Diversity
►
Knowledge Worker
Question No: 16 – Please choose one
Capital is the lifeblood of every business and is the most essential and important element of business.
►
True
►
False
Qu
I would suggest you to post each question separately to get a valid and relevant answer..